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Food-grain imports showed a downtrend

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October 17, 2000 

Dhaka-- (UNB)- Food-grain imports showed a downtrend in the first two months of the current fiscal year as the country proceeds towards food autarky.

Import of production inputs and capital machinery, however, marked a significant rise as a proof of increased productive activities.

Analysing the import LCs opened by authorised dealer banks in July-August period of 2000-01 financial year, central bank said LCs for food grain declined 30.16 per cent in terms of Taka from last year's corresponding period. On the other hand, LCs for import of intermediate goods, industrial raw material, petroleum and petroleum products, capital machinery rose 35.65 per cent from the level of the same period last fiscal year.

Overall imports increased 31.92 per cent compared to that of the same period of the previous year. Import letters of credit opened in July-August period this year were worth Tk 7759.59 crore (US$ 1494.53 million).

Opening of import LCs in August this year was however slightly lower compared to those in July.

Import LCs opened in July-August period for rice were worth Tk 85.63 crore, wheat Tk 76.59 crore, pulses Tk 53.86 crore and milk foods Tk 37.77 crore.

Some Tk 38.40 crore worth of LCs were opened for the import of sugar, Tk 109.65 crore for edible oil both in crude and refined forms and Tk 74.46 crore for oil seeds.

Textile and garment sector shares 29.53 per cent of the import figures as LCs for cotton, yarn, fabric and accessories accounted for Tk 2292.05 crore.

Raw cotton and synthetic fibre imports accounted for Tk 307.16 crore, yarn 145.75 crore and textile fabrics and accessories for garments Tk 1839.14 crore.

Chemicals and chemical products for pharmaceutical, fertiliser and others cost Tk 619.79 crore.

Import LCs opened for coal and coke were worth Tk 18.90 crore, cement Tk 32.05 crore, and clinker and limestone Tk 110.45 crore.

LCs for the import of CI and other sheets and tin plate cost Tk 239.25 crore, machinery Tk 681.19 crore, other iron and steel products Tk 65.51 crore, scrap vessels Tk 145.99 crore, motor vehicle Tk 123.91 crore and others Tk 2264.11 crore.